Global X Solar ETF (RAYS)
RAYS is a passive ETF by Global X tracking the investment results of the Solactive Solar Index. RAYS launched on Sep 8, 2021 and has a 0.50% expense ratio.
ETF Info
ISIN | US37960A7019 |
---|---|
CUSIP | 37960A701 |
Issuer | Global X |
Inception Date | Sep 8, 2021 |
Region | Global (Broad) |
Category | Alternative Energy Equities |
Index Tracked | Solactive Solar Index |
Home Page | www.globalxetfs.com |
Asset Class | Equity |
Expense Ratio
The Global X Solar ETF has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Popular comparisons: RAYS vs. TAN, RAYS vs. PBW, RAYS vs. FAN, RAYS vs. WNDY, RAYS vs. XOM, RAYS vs. CVX, RAYS vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Global X Solar ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Global X Solar ETF had a return of -10.51% year-to-date (YTD) and -40.76% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -10.51% | 10.04% |
1 month | 5.53% | 3.53% |
6 months | -12.04% | 22.79% |
1 year | -40.76% | 32.16% |
5 years (annualized) | N/A | 13.15% |
10 years (annualized) | N/A | 10.96% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -18.99% | 8.40% | ||||||||||
2023 | -14.63% | -9.64% | -14.81% | 2.09% | 12.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
This table presents risk-adjusted performance metrics for Global X Solar ETF (RAYS) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Global X Solar ETF | -1.31 | ||||
S&P 500 | 2.76 |
Dividends
Dividend History
Global X Solar ETF granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
Period | TTM | 2023 | 2022 | 2021 |
---|---|---|---|---|
Dividend | $0.00 | $0.00 | $0.00 | $0.00 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Solar ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | ||||||||||
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2021 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Solar ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Solar ETF was 63.88%, occurring on Feb 5, 2024. The portfolio has not yet recovered.
The current Global X Solar ETF drawdown is 58.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-63.88% | Nov 2, 2021 | 567 | Feb 5, 2024 | — | — | — |
-6.99% | Sep 10, 2021 | 17 | Oct 4, 2021 | 7 | Oct 13, 2021 | 24 |
-3.95% | Oct 21, 2021 | 2 | Oct 22, 2021 | 3 | Oct 27, 2021 | 5 |
-0.73% | Oct 14, 2021 | 1 | Oct 14, 2021 | 1 | Oct 15, 2021 | 2 |
Volatility
Volatility Chart
The current Global X Solar ETF volatility is 9.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.